IXN vs. MGGIX
IXN (iShares Global Tech ETF) and MGGIX (Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio) are both funds - IXN is a Technology Equities fund tracking the S&P Global Information Technology Sector Index, while MGGIX is a Global Equities fund managed by T. Rowe Price. Over the past 10 years, IXN returned 23.87%/yr vs 13.62%/yr for MGGIX. Their correlation of 0.82 suggests significant overlap in exposure. IXN charges 0.46%/yr vs 0.95%/yr for MGGIX.
Performance
IXN vs. MGGIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IXN achieves a 28.13% return, which is significantly higher than MGGIX's 5.63% return. Over the past 10 years, IXN has outperformed MGGIX with an annualized return of 23.87%, while MGGIX has yielded a comparatively lower 13.62% annualized return.
IXN
- 1D
- -2.47%
- 1M
- -4.72%
- 6M
- 25.36%
- YTD
- 28.13%
- 1Y
- 43.72%
- 3Y*
- 28.96%
- 5Y*
- 19.50%
- 10Y*
- 23.87%
MGGIX
- 1D
- 0.35%
- 1M
- 0.35%
- 6M
- 6.92%
- YTD
- 5.63%
- 1Y
- -6.50%
- 3Y*
- 13.86%
- 5Y*
- 2.68%
- 10Y*
- 13.62%
IXN vs. MGGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IXN iShares Global Tech ETF | 28.13% | 25.25% | 24.84% | 52.98% | -29.86% | 29.58% | 43.62% | 47.88% | -5.44% | 41.23% |
MGGIX Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio | 5.63% | 1.86% | 27.50% | 49.70% | -41.57% | 0.22% | 55.49% | 35.44% | -5.65% | 49.45% |
Correlation
The correlation between IXN and MGGIX is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since May 30, 2008 | 0.82 |
The correlation between IXN and MGGIX has been stable across timeframes, ranging from 0.73 to 0.82 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IXN vs. MGGIX — Risk / Return Rank
IXN
MGGIX
IXN vs. MGGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Tech ETF (IXN) and Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio (MGGIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IXN | MGGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.95 | ||
| Sortino ratioReturn per unit of downside risk | +2.39 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.97 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 3.18 | -0.24 | +3.42 |
| Martin ratioReturn relative to average drawdown | 9.42 | -0.50 | +9.92 |
Loading charts...
Drawdowns
IXN vs. MGGIX - Drawdown Comparison
The maximum IXN drawdown since its inception was -55.67%, smaller than the maximum MGGIX drawdown of -59.08%. Use the drawdown chart below to compare losses from any high point for IXN and MGGIX.
Loading charts...
Drawdown Indicators
| IXN | MGGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.67% | -59.08% | +3.41% |
Max Drawdown (1Y)Largest decline over 1 year | -13.80% | -27.65% | +13.85% |
Max Drawdown (3Y)Largest decline over 3 years | -25.55% | -27.65% | +2.10% |
Max Drawdown (5Y)Largest decline over 5 years | -36.30% | -51.02% | +14.72% |
Max Drawdown (10Y)Largest decline over 10 years | -36.30% | -51.60% | +15.30% |
Current DrawdownCurrent decline from peak | -10.15% | -10.04% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -11.24% | -11.23% | -0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.66% | 12.97% | -8.31% |
Volatility
IXN vs. MGGIX - Volatility Comparison
iShares Global Tech ETF (IXN) has a higher volatility of 10.99% compared to Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio (MGGIX) at 8.06%. This indicates that IXN's price experiences larger fluctuations and is considered to be riskier than MGGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IXN | MGGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.99% | 8.06% | +2.93% |
Volatility (6M)Calculated over the trailing 6-month period | 22.87% | 18.47% | +4.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.28% | 23.74% | +2.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.68% | 26.42% | -0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.75% | 23.20% | +1.55% |
IXN vs. MGGIX - Expense Ratio Comparison
IXN has a 0.46% expense ratio, which is lower than MGGIX's 0.95% expense ratio.
Dividends
IXN vs. MGGIX - Dividend Comparison
IXN's dividend yield for the trailing twelve months is around 0.82%, while MGGIX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXN iShares Global Tech ETF | 0.82% | 1.04% | 0.43% | 0.55% | 0.81% | 0.58% | 0.63% | 1.06% | 0.94% | 0.93% | 1.03% | 1.12% |
MGGIX Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio | 0.00% | 0.00% | 9.27% | 2.13% | 22.94% | 4.92% | 1.16% | 0.00% | 0.79% | 0.39% | 7.04% | 1.26% |
Frequently Asked Questions
IXN and MGGIX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IXN has higher volatility (10.99%) compared to MGGIX (8.06%). In terms of maximum drawdown, IXN dropped -55.67% vs MGGIX's -59.08%.
IXN currently has the higher Sharpe Ratio (1.67 vs -0.28), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for IXN and MGGIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer